Accountant (Commercial Real Estate)

Bisnow • Boston, MA

2d • $85,000 - $100,000 • Hybrid

About The Position

Our SelectLeaders client builds residential communities with unique, sought-after amenities . They have decades of experience deploying, preserving and growing capital in real estate investments and development opportunities throughout the world.
The Accountant will prepare the financial reporting for our clients corporate financial reporting, their portfolio of residential land development and build-to rent (BTR) projects. Lead the month end close process and be responsible for the accounting process for their assigned portfolio of accounts, including account reconciliation, corporate accounting, audits, vendor inquiries, reporting requirements and ad-hoc reporting.
Collaborate with Acquisitions, Asset Management, Operations, Legal, and property managers.
This is a full-time, exempt role, working 8:30AM – 5:30PM in the office on Tuesdays, Wednesdays, and Thursdays. Mondays and Friday will be remote workdays, occasionally the role may be required to be in the office on Mondays and Friday, as needed.

Requirements

• Bachelor’s degree in accounting, finance, or related field, or equivalent experience
• 3-5 years accounting experience, ideally with 1-3 years of portfolio or asset management industry accounting. Background in real estate development is preferred.
• Strong understanding of GAAP standards
• Advanced Excel skills (pivot tables, VLOOKUP etc.)
• Proficiency in Sage, TimberScan, MS-Outlook.
• Strong analytical skills with the ability to synthesize complex data and communicate insights clearly to non-financial stakeholders.
• Excellent problem-solving skills, ability to think critically to make informed decisions and recommendations.
• Proven ability to manage multiple projects and priorities in a fast-paced environment.
• Strong organization skills and attention to detail.
• Excellent communication skills, both written and oral, with the ability to collaborate successfully with all levels of stakeholders.
• Proactive individual, possess a strong work ethic, deadline orientated, and team player.

Responsibilities

• Maintain the general ledger by recording, verifying, and consolidating financial transactions.
• Prepare comprehensive financial statements, reporting packages, including balance sheets, income sheets, and cash flow statements, on a timely basis.
• Reconciles and analyzes various company General Ledgers and portfolio accounts.
• Ensures appropriateness and correctness of recorded entries.
• Maintain the general ledger and portfolio accounts including but not limited to cash, accrued expenses, debt and loan financing, accounts receivable and accounts payable.
• Process annual 1099’s.
• Assist in the preparation of monthly, quarterly, and annual financial support schedules.
• Reconcile bank statements and produce accurate bank reconciliation for portfolio.
• Understand legal entity organization structure to ensure proper accounting procedures are applied at a transactional level.
• Responsible for compiling weekly cash reports and maintenance of cash balances.
• Coordinate with the Accounts Payable Manager for invoices needed to be processed for assigned portfolios. This includes: vendor W9 administration, code and process invoices, weekly check runs in accordance with approved capital calls, lien waiver compliance, expense allocations.
• Manage the month-end, quarterly, and year-end closing procedures.
• Prepare and calculation of management fees.
• Accountable for meeting the timeliness of monthly financial closing schedule.
• Work closely and effectively with asset management, underwriting, marketing, operations, and legal teams to incorporate their insights into accurate financials.
• Implement best practices for data management and ensure consistency in reporting across all entities.
• Responsible for coordinating and preparing portfolio accounts, JV audits with external auditors, investors, and partners.
• Maintains high level of confidentiality of information related to the investors, partners, owners, employees, strategies, financials, compensation, vendors, and organization.
• Perform other duties and special projects as assigned by management.

Benefits

• $85,000-$100,000 base plus 15% annual bonus.
• Health Benefits (Medical, Dental, Vision)
• 401k program
• 15 federal paid holidays per year, 2-3 floating holidays and 15 days of PTO.
• 5 paid sick days.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees